When Does Tax Season End?

The 2015-2016 financial year has come to a close. It’s time to get your 2016 tax return lodged. If you want to be on the ATO’s good side, lodge before 31 October 2016!

Planning ahead? The 2016-2017 financial year ends 30 June 2017 and you’ll be able to lodge your 2017 tax return the following day on 1 July, 2017.

With E-Lodge you’ll be able to get a head start and begin preparing your tax return earlier in June. Remember to check back here to see when our tax gates will officially open for the season!

If you’re eager to lodge a 2017 tax return early, you’ll be able to do so if you fall within either of the following groups;

1) You are a foreign resident for tax purposes (an Australian nonresident) and you

are leaving Australia permanently, and

will no longer derive Australian-sourced income other than interest, dividends, and royalties

2) You are an Australian resident for tax purposes and you

are leaving Australia

will cease to be an Australian resident for tax purposes, and

will no longer derive Australian-sourced income other than interest, dividends, and royalties.

Get your 2016-2017 Tax Return out of the Way Soon!

Still need to lodge that 2017 tax return? No worries; you still have time! With E-Lodge you can complete your return in as little as 10 minutes! Need to get caught up on late tax returns? You can also lodge a previous year tax return for financial years 2006-2016 with E-Lodge!

I understand that you are in a rush. In order to lodge your tax return prior to mid-June, you will need to lodge directly with the ATO. If you would like to lodge your taxes online this year, just hang in there until June and lodge with E-Lodge!

Although you have provided your income amount and tax deducted for the time you were in Australia, your refund amount is based on a few other key factors. Please take a look at our tax calculator to see how much you will be issued back this year. It is free to use and you will be provided with a calculation in under 5 minutes!

When you create your account with E-Lodge, there is a specific section under the income tab where you can report your superannuation amount. Once under the income tab, you will need to check the box labeled, “Retirement Income Streams”. Once in the retirement section, click the orange box labeled, “Add New Record” under the heading, “Superannuation Income Stream, Annuity or Pension”. If you have any questions along the way, feel free to reach out to our tax experts directly via phone, email or live chat.

You can report your losses on E-Lodge. To do so, you would choose the Income tab within your account and tick the box labeled “Capital Gains and Distributions from Managed Funds”. You can report the loss within this tab. If you have any issues with this or are still unsure, you can contact our customer support team via telephone or email.

You must report the income that is earned within that financial year, if you have worked in July 1st and have earned income for that day, you must report this calculation separate from the rest of your income that you have earned throughout the last pay period. Whichever financial year date range your income has fallen on, is where you must report this income.

Hi,
I am an international student recently working on a casual basis. While joining in the job, I mistakenly wrote in my form that I am not an Australian resident for a tax purpose although I provided them with the TFN number. Certain amounts have been cut from my salary until I noticed it and amended the form. However, I didn’t receive the money that has been deducted from my salary and they have asked me to lodge a tax return so that I can have that back. Being very naive in this matter, can you help me out providing some suggestions about what to do? Thanks.

You will be able to create an account with us to determine if you can claim your tax back when the 2017 application becomes available. You will then be able to lodge a 2017 tax return when the 2017 tax season begins in July.

I left Australia at the end of October last year (2016). I was working up until that point on visa subclass 462. Before I left I was considered a resident for tax purposes. Did my residency status change after I left Australia permanently? Just curious as I would like to know if I’ll be owing tax.

If you are have left Australia permanent, you are no longer considered an Australian resident. Your income that you earned after you were no longer considered an Australian resident but considered as a foreign resident, would be subjected to Australian taxes. However, if you are no longer earning income from Australia, you are not subjected to any of their taxes.

Your PAYG should specify which fiscal year your income was earned. I advise you reference this document to determine which tax year you should report the income. If you received self-employment income, you may want to allocate this income to the correct tax year. Income earned before June 30th should be reported in the 2016-2017 tax year, and income earned after July 1st should be reported in the 2017-2018 tax year.

I’ve been advise by my payroll that my June salary won’t be paid until July 14th and as its not “paid” in June its therefore going into the next years Group Certificate which means I cannot claim it in this year 2017. I’ve only been in Australia 1 month so I wanted in it 2017 to get marginal tax relief and I always assumed this was Income Earned for 2016 as I worked in 2016 irrespective of when the cash made it to my hand a week after month end.

Just expanding on Bala’s question, if your earnings are not by self employed means (you work for a normal company) and your pay period is from Sunday 25th of June 2017 to Sunday 9th of July 2017, you are still liable to pay tax on all earnings up to the 30th of June 2017 for the 2016-2017 tax year?

Your employer should have this separated for you on your statements that you receive from them for lodging. The income reported will be until June 30th, with the remainder of the income that you earn for the rest of the week to be subject to taxes for the next financial year. The income that you earn on July 1st will be taxed in the next financial year.

The income statement that you receive from your employers should still reflect the days that you are being paid for. This income should still fall under the 2016-2017 tax year (2016 tax season). You should speak to your employers for further information on this matter, even if your payment will not be paid out to you until July 14th.

The 2016-2017 financial year ends 30 June 2017 and you’ll be able to lodge your 2017 tax return the following day on 1 July 2017. You can lodge your 2016 return when you get the chance to. The 2017 tax season is between 1 July 2017 – 31 October 2018.

So I had a casual job last year. This year I started doing contract work and had to get an ABN – I believe I’m a sole trader.. Using the same TFN and bank account for both.. For tax purposes do I need to submit multiple tax returns? What if someone ever runs a business and has a job at the same time – what do you do then? What do people running multiple businesses do?

I am a contractor and I get paid on Thursday for the work I did in the previous week.
So, for the week 26-Jun to 2-July, I got paid on 6-July (Thu). Should this payment be under FY2016/17 for tax purpose? or should it be under FY2017/18?
Thanks a lot

You will be able to file accordingly, all the income that you have earned in your business and your side job on your individual tax return. Taxpayer’s who have multiple businesses can file accordingly in this way as well.